Heritage Financial Corp (HFWA) Holdings Increased by MetLife Investment Advisors LLC

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MetLife Investment Advisors LLC grew its holdings in shares of Heritage Financial Corp (NASDAQ:HFWA) by 55.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,479 shares of the financial services provider’s stock after buying an additional 8,702 shares during the period. MetLife Investment Advisors LLC owned 0.07% of Heritage Financial worth $860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Metropolitan Life Insurance Co. NY lifted its holdings in Heritage Financial by 14.6% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 11,142 shares of the financial services provider’s stock worth $388,000 after buying an additional 1,419 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Heritage Financial by 14.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the financial services provider’s stock worth $513,000 after buying an additional 1,800 shares during the last quarter. Sei Investments Co. lifted its holdings in Heritage Financial by 61.5% during the 2nd quarter. Sei Investments Co. now owns 4,919 shares of the financial services provider’s stock worth $172,000 after buying an additional 1,873 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Heritage Financial by 31.0% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,922 shares of the financial services provider’s stock worth $278,000 after buying an additional 1,876 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Heritage Financial by 2.7% during the 3rd quarter. Victory Capital Management Inc. now owns 74,685 shares of the financial services provider’s stock worth $2,625,000 after buying an additional 1,980 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

A number of research firms have recently commented on HFWA. Zacks Investment Research upgraded Heritage Financial from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Wednesday, September 26th. BidaskClub cut Heritage Financial from a “hold” rating to a “sell” rating in a research report on Saturday, September 29th. Finally, ValuEngine cut Heritage Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $37.33.

In related news, Director Lisa Banner sold 1,326 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $33.44, for a total value of $44,341.44. Following the transaction, the director now owns 2,387 shares in the company, valued at approximately $79,821.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian L. Vance sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $34.74, for a total value of $173,700.00. Following the completion of the transaction, the director now owns 128,313 shares in the company, valued at approximately $4,457,593.62. The disclosure for this sale can be found here. Insiders have sold 11,326 shares of company stock worth $390,491 in the last quarter. Insiders own 1.80% of the company’s stock.

HFWA opened at $30.64 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.84 and a current ratio of 0.84. Heritage Financial Corp has a one year low of $27.98 and a one year high of $37.40. The stock has a market cap of $1.14 billion, a PE ratio of 20.70, a PEG ratio of 2.10 and a beta of 0.74.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Heritage Financial had a return on equity of 8.92% and a net margin of 20.10%. The business had revenue of $59.18 million for the quarter, compared to analysts’ expectations of $57.63 million. As a group, equities research analysts anticipate that Heritage Financial Corp will post 1.79 EPS for the current year.

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Heritage Financial Company Profile

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Heritage Financial (NASDAQ:HFWA)

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